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BMW profit of $2.7B is down as automaker invests to keep luxury lead

Despite selling 6.6-percent more vehicles - a record by volume - and posting higher revenues in the second quarter of 2013, BMW Group's profit of 2.07 million euros ($2.75 billion) is down 8.8 percent from last year. Investments in new technology (e.g. the new i3) and personnel, in addition to a competitive market, are to blame, BMW states. But the automaker remains committed to its fiscal targets for 2013, which, Chairman of the Board of Management of BMW AG, Norbert Reithofer, says will be "on a similar scale to 2012."
The BMW brand's sales performance in the first half of the year, which increased by 7.7 percent to 804,258 vehicles delivered, was good enough for it to maintain its lead in the luxury market, narrowly beating Audi, which delivered 780,510 vehicles, Automotive News reports. Mercedes-Benz delivered 694,433 vehicles to cement third place.

Mini considering sports car replacement for Coupe and Roadster?

The next-generation Mini lineup could see some big changes, according to a report from Australian site CarSales. Starting with the debut of the third-generation Mini Hardtop at this year's Los Angeles Auto Show, we could see a regular string of Minis on the stages of the world. But the bodystyles we see might not be what we've grown used to.
A four-door sedan could eventually arrive, while the polarizing Mini Coupe and Roadster are likely to be replaced by a dedicated sports car with unique sheetmetal and uprated engines. While the rest of the line is switching to three-cylinder, turbocharged engines, the new sports car, which will be available in both soft- and hardtop variants, will use some version of BMW's 2.0-liter, turbocharged four-cylinder. The Aussie site also claims that the interior treatment could take inspiration from the Mini Vision concept car, while showing off the know-how BMW gained when working carbon fiber into the i3. The new model(s) would likely arrive in late 2015 or early 2016.
According to CarSales, we'll see the three-door Hardtop at the 2013 LA Show, along with a five-door hatch that is different from the Clubman at the 2014 Paris show. The Clubman, meanwhile, will arrive in Geneva in 2015, while the Convertible is slated for later that same year. The current Countryman and Paceman are expected to be around for some time, before being joined by an MPV. Eventually, the larger Minis will share their architecture with the BMW X1.

2014 Mini Cooper

If I had a dollar for every time I heard someone from Mini refer to 'go-kart-like handling,' I'd be retired, living on a beautiful piece of coastline somewhere in the Caribbean. Perhaps even on the shores of Puerto Rico, where Mini chose to launch its latest Cooper and Cooper S hatchbacks. As with so many frequently used phrases, though, there is indeed some truth to the cliché - while the Mini Cooper has never actually handled quite like a go kart, it has always had a certain directness in its movements, reacting to steering inputs with an immediacy and fervor unlike most any other automobile meant primarily for the street.
Combine those unique driving dynamics with a sense of fun that permeates the entire brand from pre-sales marketing to the actual sales process itself and you end up with a marketplace success. As an ex-Mini owner myself (a 2009 Cooper S Convertible), I can attest to the kinship felt between fellow Mini drivers who share in the knowledge that they are having more fun than the poor appliance-driving masses sharing the highways and byways of these United States. It's no surprise that the style-conscious US continues to be the marque's single largest market year after year.
This enviable brand perception hasn't been attained without its own fair share of flaws, however. Though the quirky design and massively customizable bits and pieces that have made up the Mini brand's interior philosophy since it was reborn in 2001 have proven somewhat endearing, the Cooper Hardtop's ergonomics have always been an unmitigated disaster. Plus, this is a very small car, with a rear seat that's practically uninhabitable by adult-size occupants. While that adjective seemingly goes hand-in-hand with the brand's name, the modern Cooper has never been as ingeniously packaged as its 1959 forbearer, which offered up as much interior space as possible through innovative engineering and minimalist design. Further, parent company BMW has positioned Mini as a premium brand, so the Cooper's diminutive size has never equated to low prices. And for being such a small car, the Cooper historically hasn't been well-known for its fuel efficiency.